With a falling share price immediately before the AGM, and shortly after the release of the drilling update (closing at 1.7c), most companies would find to difficult to approach the meeting with confidence that they have shareholder support. Let's see if the directors approach the meeting with humility, or dictatorship!
Perhaps the market has not accepted the drilling results as "Excellent" as indicated in the company's headline announcement. I had hoped for more 100-metre magnetite intersections in the update. Only 5 of the 12 holes analysed had such total intersections.
Nevertheless, I am still content to hold, convinced that a reasonable JORC in early January will result in a share price upwards of 3.5c. If the piggy back option resolutions are defeated at the AGM, we may even get there earlier. We can only hope now that justice and equity will be the outcome of the meeting tomorrow.
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